Auction #15 - Archives International Sale of Banknotes and Coins

Shanghai "IT&T System" Telephone Company. Shanghai, China, 1933. $-odd, 6% Registered First Mortgage Series B Bond, Gold border with Shanghai Company, ITT Telephone System Logo. Franklin-Lee-ABNCo Division specimen, VF, rare Chinese telephone bond.
Estimate HK$ 1,900 - 3,800.